What does the most basic indicators Foretell

If 5 EMA(shorter time frame) crosses 13 EMA(longer time frame) Buy Signal is produced

If 13 EMA(longer time frame) crosses 5 EMA(shorter time frame) Sell Signal is produced

In Bull Market 5 EMA and 13 EMA will act as support and in bear market 5 and 13 EMA

will act as resistance.

For time being Nifty is trading below 5 EMA Weekly(4839) and 13 EMA Weekly(4785). So nifty could face resistance at these levels as per 5/13 EMA principle. The Ideal strategy for investors should be in cash and traders can short nifty until nifty to sustain above these levels

No More New High’s in Nifty
Charts shown here is the one year weekly charts with 2- Period RSI combination behind the price. As Per the 2- Period RSI pattern formation we are in a TOP formation which […]

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Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

Rajandran,//In Bull Market 5 EMA and 13 EMA will act as resistance and in bear market 5 and 13 EMAwill act as resistance.//i think there is typo error as it should be in bull market 5 and 13 ema will act as support…sri

@Rashmi… Its rather good to miss a rallyrather getting strucked at higher levels.Lets wait and watch how the market behave near the 4785-4810-4840 Zone's Lots of resistance need to be broken so that we could think about buying stocks.

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